Chart 3: Distribution of UK Household Income 2017
Source: Office for National Statistics, Household disposable income and inequality in the UK 2017.
Delivering additional volumes of housing to this occupier group is the first step to impacting the housing shortfall and improving the PRS. Build to Rent funds bring forward homes that can be delivered irrespective of traditional housing market delivery drivers such as sales rates.
Accelerating the delivery of housing for low to middle income households nationally and innovating the way in which build to rent properties are operated, are two of the BMO UK Housing Strategy’s objectives.
In our next post, we’ll consider what this kind of strategy can do in addition to delivery of new, quality rental stock to bring about measurable impact in the target demographic and their respective communities.